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Consumer prices in OECD zone up 1.9% in December 2009

Updated:2010-02-03 14:42:55

The Paris-based Organization of Economic Cooperation and Development (OECD) announced Tuesday that consumer prices in the OECD zone had risen by 1.9 percent by December 2009.

On a month-on-month basis, prices remained stable in December, compared with a rise of 0.1 percent in November 2009, the organization said in a report.

By December 2009, consumer prices for energy had gone up by 8.5 percent, following a rise of 2.4 percent in November, while the prices of food had fallen by 1.0 percent, less than the figure of 1.1 percent in November.

Excluding food and energy, consumer prices rose by 1.6 percent in the period, compared to a rise of 1.5 percent in November 2009, the report said.

In the United States, the consumer price index had increased by 2.7 percent by December 2009.

Consumer prices in Japan had decreased by 1.7 percent by December while in the OECD area the figure rose by 0.5 percent on average between 2008 and 2009 after a growth of 3.7 percent between 2007 and 2008.

The OECD said consumer energy prices declined by 10.5 percent between 2008 and 2009, after an increase of 12.3 percent between 2007 and 2008.

According to the latest OECD report, the annual inflation rate (HICP) in the euro zone was 0.9 percent in December, up from 0.5 percent in November.

By December, the annual inflation rate was 2.9 percent in the United Kingdom, 1.3 percent in Canada, 1.0 percent in Italy and 0.9 percent in France and Germany, the report said.

 

 

Source:http://news.xinhuanet.com

 

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